Advantages and Disadvantages of Incentive Pay.

List and explain the advantages and disadvantages of incentive pay, and describe how companies can overcome the disadvantages.

There is a 75 word minimum response required.

Solution Preview

An advantage of incentive pay includes encouraging workers to be more productive and allowing the company to enjoy greater productivity. Incentive pay is linked to having employees perform tasks in the manner that will most benefit the company, based on their needs. So, incentive pay serves to link workers more to the organization's goals and greater mission by providing a clear standard and expectation of employee performance. Furthermore, it aligns ...

Solution Summary

This solution explains the advantages and disadvantages of incentive pay, and how companies can overcome disadvantages. Includes 200 words and APA formatted references.